✨ Global Market Update: Interest Rates & Economic Shifts 🌎

This is our weekly market update where we start in the US cross to Europe and Asia and end in Australia and cover commodities and crypto along the way. MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path of interest rates. And Europe's STOXX 600 index closed down 0.53 percent earlier breaking a 3week winning streak as investors sought clarity on Europe's rate policy amid concerns over economic growth and a potential trade war.

As we run down to the end of the year a flurry of central bank rate announcements signal a confusing picture. With the RBA holding, the ECB cutting as expected alongside Denmark at 25 basis points and the Swiss bank cutting unexpectedly as it sought to head off gains in its currency along with Canada both doing a bigger 50 basis point cut. Next week we have more central bank action with the Federal Reserve the Bank of England and Japan all joining the party!